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 Replies: 20 / Views: 2,654 |
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Pillar of the Community
 United States
2448 Posts |
I was trying to do the same thing. Since becoming engaged, my money seems to be going elsewhere. Keep up the great work. Thanks for posting.
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Rest in Peace
United States
4078 Posts |
"one little, two little, three little Indians. Four little.............
What a way to go Johnny!
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Pillar of the Community
United States
3670 Posts |
Nice Johhny, makes me wish I had stayed in gold. I got your pictures here, and a case full of 1/10 an half oz. gold eagles staring me in the face from the case, and 4 St Gauden 1 oz. MS 65 gems just wanting me to start a St. Gauden fund and buy those bad boys, lol. About 7200 worth, so if I don't spend another penny of my earned paychecks, and save till like November, should be good to get all four, if gold is still at 1666 by then, lol....
Edited by Silverhawk74
01/20/2012 4:49 pm
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Bedrock of the Community
Australia
21788 Posts |
One of the good things about a roll of half eagles is that they don't require much secure storage space.
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Pillar of the Community
United States
3670 Posts |
Ture dat Sel 691, but on the flip side of that, there are more fakes out there then real ones, as those are targeted big time by the cons, so be careful Johnny, even though I doubt with your knowledege you are buying any fakes. Just always good to be weary in the end, esp on items that get targeted often by the consters....
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Pillar of the Community
United States
4008 Posts |
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Rest in Peace
 United States
4849 Posts |
Thanks for the comments. Yeah, there are a lot of fakes...which is why I stick to lower end examples or ones that came from a problem slab(I've cracked about half of those out of AU detail and such NGC/ANACS slabs). I also always weigh and measure them. There is not much benefit for a counterfeiter to make a common circ type examples out of real 90% gold since there is little to no profit. It's the high grade or key dates that you want to watch out for especially that have a high enough premium over melt to merit using real gold.
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Pillar of the Community
United States
5854 Posts |
I like it! That is going to be one nice set when you finish!  |
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Pillar of the Community
United States
667 Posts |
The single most counterfeited series of U.S. gold coins is the Indian Head Quarter Eagle. This series accounts for approximately 40% of all counterfeit gold coins received by PCGS. The only other series of counterfeits that could compare in quantity to the $2½ "Indians" would be $1 gold coins (if all three types are added together), followed closely by $3 gold pieces and $5 "Indians." Combined together, these four series account for 90% of all the counterfeit gold coins received for authentication.
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Pillar of the Community
United States
931 Posts |
I bought ten of them, and felt fortunate to have all of them grade. Easy to get burned, and a lot of the counterfeits are old now, so they look vintage because they are. Watch out for fake mint marks when you look for your keys. Nice stash.
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Bedrock of the Community
Australia
21788 Posts |
Silverhawk: Thanks for the warning. I have never bought a coin without examination in hand first. I guess that I have to be counted out of ebay because of this. Normally, this is the sort of coin I would buy from a regular postal auction to which I have been a subscriber for 20 or so years now. I personally know all of the guys who run it, and I pick up my successful bids in person, and I quite often go to the view days as well. |
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Pillar of the Community
United States
3670 Posts |
That's just smart Sel to bypass that ebay risk and buy in person. What you can hold in your hand an confirm as real.... Usually anymore I pass on ebay buys for that reason, and no ebay bucks on bullion anymore.... I did grab a nice 3 oz. Swiss Goldas Chip silver assay card bar from a legit dealer who I had grabbed a 2 oz. from before. I had taken it to work and didn't open of course, but its weight is right and the magnet test is good. Cons I figure will not waste their time trying to forge those assay cards with the chips in them, and all the serial numbers match, the bar has high quality design an detail an so on, as the effort an time is not worth it.... We saw that gold 50 gram bar seems like recently that was faker then fake, and the pawn guy who bought it when he opened and rubbed it on the rock past out form shock. But it was way obvious. I figure coping those cards, is almost as tough as counterfeiting money, never easy. Plus, you NEED a good fake bar to start, so two obstacles to cross. Its not full proof of course as nothing is, but I like the odds in my favor with them, as cons will just focus on something easier to fake.... Edited by Silverhawk74
01/21/2012 10:21 pm
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Bedrock of the Community
Australia
21788 Posts |
If the con. men are going to fake gold, gold plated tungsten can be substituted. Both metals have the same density, i.e 19.2 g./cc.
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Rest in Peace
United States
4849 Posts |
Tungsten has been in large fake bars, but there have been no tungsten counterfeit coins reported. The striking characteristics would be completely different as tungsten is an extremely hard metal, it's just not economical. Gold plated fake platinum exist though, but now adays they usually bring a premium, and probably still would even though the gold price has exceeded platinum.
For collectable coins, real gold is used in most counterfeit gold coins that are used to fool a collector. The smaller denominations are the most popular, the reason being is that they usually bring the highest percentage of premium over melt. $3 gold and type 2 1 dollar examples are the most heavily hit.
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Valued Member
United States
306 Posts |
Love seeing all those gold Indians together!
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Replies: 20 / Views: 2,654 |
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First Page
Posted 01/20/2012 3:37 pm
